PFC Chairperson Parminder Chopra Takes Additional Charge Of CMD – REC Limited

Parminder Chopra has been appointed as the Chairman and Managing Director (CMD) of REC Ltd for a period of three months. She will continue to serve as the CMD of Power Finance Corporation Ltd (PFC), a position she has held since August 2023. With over 35 years of experience in the power and financial sector, Chopra has played a pivotal role in financial restructuring and renewable energy financing.

Key Achievements in PFC

As the first woman CMD of PFC, Chopra has led the company to record-high net profits while maintaining the lowest non-performing asset (NPA) levels. She was instrumental in implementing the Liquidity Infusion Scheme (LIS) worth ₹1.12 lakh crore and played a key role in establishing PFC as India’s largest renewable energy financier.

Professional Experience

Chopra’s extensive experience spans over three and a half decades, having worked in reputed organizations such as NHPC and Power Grid Corporation. She possesses expertise in treasury management, asset-liability management, and the resolution of distressed assets, making her a highly regarded leader in the financial sector.

Educational Background

She holds a Bachelor of Commerce degree from the University of Delhi and is a Certified Management Accountant (CMA). Additionally, she has completed a Post Graduate Diploma in Business Management and has undergone advanced executive training at Harvard University and the European School of Management.

Future Direction at REC

During her tenure at REC Limited, Chopra is expected to focus on sustainable energy financing, fostering innovation, and driving financial excellence. Her leadership is anticipated to strengthen REC’s role in India’s energy sector, particularly in the area of renewable energy and infrastructure financing.

Her appointment underscores her expertise and leadership in the power finance sector, further solidifying REC Limited’s commitment to growth and sustainability.